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Economy Minister expect 10% industry growth by yearend

Economy Minister expect 10% industry growth by yearend

PanARMENIAN.Net - Economy Minister believes industry to have become a motive force in Armenia’s economy.

As Tigran Davtyan said in the city of Charentsavan, Kotayk province, “Armenia has so far posted 15% industry growth in 2012, with over 10% total increase expected by yearend.”

“Recent years’ industry development proves current economy to be more “logical” than the post-crisis one, with an evident upsurge in the industry and exports roles noted,” the minister said.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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